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Dealer Opsby StaffNovember 3, 2011

Prestige Financial Establishes $30 Million Line of Credit with Chase

Prestige Financial has established a $30 million line of credit with Chase Utah. The new line represents a renewed and growing relationship between the two entities, and comes on the heels of a $12 million amortizing term loan facility that they put into place in September.

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Dealer Opsby StaffNovember 2, 2011

Equifax: Auto Finance Companies Significantly Originating More Loans than Banks and Credit Unions in Today's Economy

Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report.

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Dealer Opsby StaffNovember 1, 2011

Ally Financial Launches Innovative Vehicle Financing Product

Ally Financial Inc. launches Ally Buyer’s Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles.

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Dealer Opsby StaffNovember 1, 2011

Cobalt Announces Google AdWords Premier SMB Partner Status

Cobalt, a business unit of ADP Dealer Services, today announced that it has been named a Google AdWords™ Premier SMB Partner.

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Dealer Opsby StaffNovember 1, 2011

Bleecker Automotive Group Saves Up to $200,000 Annually by Paring Unnecessary Vendors; Using Auto/Mate’s DMS

Auto/Mate Dealership Systems announced today that long-time customer Bleecker Automotive Group estimates it has reduced its technology costs up to $200,000 annually.

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Dealer Opsby StaffNovember 1, 2011

BHPH Purchaser ALPS Reports Strong Q3 Results

Advanced Lending & Portfolio Services (ALPS) announces strong quarterly results with a total portfolio size of $11.5 Million at the end of Q3. This represents a 2000% growth year over year.

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Dealer Opsby StaffNovember 1, 2011

Complete Client Portfolio Management Tool Helps Paragon Honda-Acura Sell 95 Additional Units a Month from Existing Customer Base

Paragon Honda-Acura, a Queens, NY-based dealership is selling 95 additional units a month from its existing customer base by using portfolio lead management software from AutoAlert, Inc.™

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Dealer Opsby StaffNovember 1, 2011

vAuto Partners with Auction Pipeline

vAuto announces today that its customers can now quickly and efficiently source used vehicles available at Auction Pipeline auctions, including the ability to access run lists from within vAuto’s proprietary stocking module.

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Dealer Opsby StaffNovember 1, 2011

AutoTrader.com's Used/CPO Car Insights Report Shows Increased Consumer Interest in Hyundai

According to the Used/CPO Car Insights Report, which provides analysis of monthly activity for both used (non-CPO) and CPO vehicles on the AutoTrader.com site, Hyundai captured five of the top 20 spots for CPO “Big Movers” in September.

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Dealer Opsby StaffOctober 24, 2011

CNA National Appoints Tim Schilling to Newly Created Position of Actuarial Director

CNA National is pleased to announce that Tim Schilling has accepted the newly created position of actuarial director, effective October 17.

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